Why Elon Musk sold his 10% shares
Elon Musk sold off another 934,091 shares of his electric vehicle manufacturing company, Tesla, on Thursday. This comes after he recently sold off 10.1 million shares. Tesla CEO Elon Musk is on a selling spree off late. As per regulatory filings seen on Thursday, Elon Musk sold off another 934,091 shares of the electric vehicle manufacturing company. The shares, worth $1.01 billion, were sold off to meet his tax obligations in connection with the exercise of options to get hold of 2.15 million shares. Since November 8, the chief executive officer of Tesla, who also owns SpaceX, has sold shares worth $10.9 billion. This equals to 10.1 million shares in total. >Why is Elon Musk Selling Tesla Shares? In early November, the world’s richest person tweeted that he would sell 10 per cent of his stock if users of the social media platform approved. A majority of them had agreed with the sale on Twitter following which he sold the shares. However, according to a report by the Wall Street